William Erbey

William Erbey

Net Worth: $400 million

William Erbey can thank a New York state investigation into his mortgage servicer, Ocwen Financial, for his precipitous tumble. The probe, launched late last year, accused Ocwen of conflicts of interest, backdating documents to mortgage holders and more; the company settled for $150 million and Erbey, whose net worth once hit $2.5 billion, stepped down as executive chairman. Ocwen stock has tumbled 76% over the last year, taking Erbey’s fortune with it.